Doronin’s OKO, Cain Nab Kirkland & Ellis at 830 Brickell
OKO’s Vlad Doronin and Cain’s Jonathan Goldstein with rendering of 830 Brickell office tower (Vlad Doronin, Cain International, OKO Group)
Vlad Doronin’s OKO Group and Jonathan Goldstein’s Cain International scored their biggest lease at the 830 Brickell tower.
Law firm Kirkland & Ellis took 115,000 square feet on six floors at the office high-rise, which is still under construction, according to a news release from the developers.
The firm, which has no headquarters, was founded in Chicago in 1909, its website says. It’s considered the world’s biggest law firm by revenue.
Neil Goldmacher and Mitchell Millowitz were part of the Newmark team that represented Kirkland & Ellis, working with Kevin Kushner of CBRE. Brian Gale and Ryan Holtzman were part of the Cushman & Wakefield team that represented the landlords.
The 55-story tower, at 830 Brickell Plaza, is expected to be fully leased by the time it’s completed early next year.
Kirkland & Ellis’ lease deal comes on the heels of several others.
Billionaire Ken Griffin’s blitz on Brickell real estate has included a roughly 95,000-square-foot lease at 830 Brickell for his Citadel. The hedge funder, who announced this year he is moving his Citadel and Citadel Securities’ headquarters from Chicago to Brickell, has retained Sterling Bay to build his companies’ new base. The tower is expected to rise on a 2.5-acre lot overlooking Brickell Bay that Griffin bought for a record $363 million in April.
At least three other law firms have leased at 830 Brickell. Sidley Austin took 60,000 square feet, Winston & Strawn took 35,000 square feet and Baker McKenzie took 18,000 square feet.
Other tenants on tap include private equity firm Thoma Bravo, Canadian asset manager CI Financial and insurance firm Marsh.
WeWork had planned to lease 146,000 square feet at 830 Brickell, but the embattled coworking firm scrapped its plan. OKO and Cain bought out WeWork’s lease, which was originally signed in 2019.
Since then, South Florida’s office market has been supercharged, and 830 Brickell has commanded record rents. Some recent leases signed there were at $120 per square foot to $150 per foot, according to JLL data.
The other office tower on tap in Brickell is Swire Properties and Stephen Ross’ planned 1,000-foot tall One Brickell City Centre.
